If you compare the increase in value of investment property in Sheffield, 7306 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 13.05%.
A 14.90% growth in median value for property investors in Sheffield,7306 puts this suburb at number 26th in terms of best performing suburbs in TAS
At number 73th of TAS’s most discounted properties, Sheffield is in the TOP 40% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.
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Median house price: $248,000
Three-year growth: -11.0%
Rental yield: 5.2%
Situated on the foothills of Mount Roland, Sheffield is the rural centre for the mountain region. It is known for the murals decorating the suburb that illustrate the history of the area, and is regarded as the Apple Isle’s outdoor gallery.
This is a massive change from Sheffield’s background as an industrial hub. An annual mural-painting festival is now held in Mural Park, while indoor treasures are found in Mural House. Residents can enjoy rowing at Lake Barrington and picnicking at Devils Gate Dam.
Sheffield is a volatile market, with prices rising and falling over recent years. Prices declined by 11% in 2015, but rose by 7.8% in the year to August 2018 before slipping again in the three months to August. The market, however, is very low priced, with the median house value being lower than $250,000.